THE Philippines premier industry association of fintech startups and unicorns Fintech Alliance.PH welcomed the enactment of the Internet Transactions Act as an additional protective layer for consumers in the digital space, in line with the thrust of the industry organization to prioritize the safety and welfare of digital Filipino users.
STAKEHOLDERS including major digital platforms in the Philippines said the signing of the Internet Transactions Act (ITA) will help protect both online consumers and merchants and will propel the growth of digital economy. On Tuesday, President Ferdinand R. Marcos Jr. signed Republic Act No. 11967 or “An Act Protecting Consumers…